SPX500 Weekly Review
Wave Analysis
During the previous trading day, the SPX500 rallied to the lowerside but failed to break below the lower trendline. While the price is contained above this trendline, this will give us an ideal place to consider a possible long term buy position. The idea is to keep looking for low risk buy positions with an ultimate target set along the upper trendline. If the price breaks below it, then further momentum much lower is expected towards 4264.9 and may continue much lower.
Trade Recommendations:
We're waiting for a possible long term buy position towards 4600.0.
CAC40 Weekly Review
Wave Analysis
After bouncing off from the zone 6760.3-6736.6, the French Stock's index rallied to the upperside but is still below the inner upper trendline. As it is right now, I expect nothing but a possible momentum to the upperside. The idea is to keep looking for long term buy position expecting the price to rally towards 7247.9 and may extend much higher. On the flipside, a break below 6760.3, may push the price to the lowerside towards 6571.3.
Trade Recommendations:
We're waiting for a bounce from 6760.3 to pick a possible long term buy position.
Gold Weekly Review
Wave Analysis
Wave Analysis
During the previous week, Gold markets rallied to the upperside and is still showing signs of continuing much higher. As it is right now, we keep looking for long term buy positions expecting the price to break above 1936.89 and may expect a break much higher. As it is right now, on this chart, only buy positions looks ideal and can safely be recommended. However, if the price breaks below the lower trendline, then, we may consider a possible sell positions.
Trade Recommendations:
We're buyers for now.
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